Singers Minnesota Choral Artists

Analysis

Singers Minnesota Choral Artists is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Singers Minnesota Choral Artists reported income of $335k and spending of $317k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $246k to $335k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 114%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Singers Minnesota Choral Artists sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Arkansas Choral Directors Association ($335k), Shakespeare Association of America ($335k) and Caribbean Central American Research Council ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $94k (30% of expenses). Other salaries and wages came to $11k. At year end it held assets of $572k against liabilities of $2,893, net assets of $569k. It reported 4 employees.